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Salary Permanent Full Time role in Credit Risk.
Located in London - Hybrid.
Located in London - Hybrid.
Permanent Full Time
Credit Risk
London - Hybrid
502323
Senior Specialist, Impairment Strategy - IFRS 9
Your new role
At NewDay
This position within the Credit Management department is key in developing the Impairment analytics, and business support and insights within NewDay. The purpose of the role is to support and further enhance NewDay’s impairment methodology framework. The focus will be on IFRS9 models / methodologies covering the existing framework and PD, LGD and EAD model requirements.
The role offers opportunity to work in a fast paced but supportive environment and to build rewarding and relationships at all levels.
Candidates will be subject matter experts, who thrive in sharing knowledge and who seeking out opportunities to improve the status quo in a positive way. This work will be relied upon to drive and shape strategic change within the business!
Candidates will also be expected to deliver and champion the NewDay manifesto, which is integral into how we operate both for our customers and staff!
0-12 months you’ll deliver
Supporting the Senior Manager Impairment Strategy in delivering accurate, insightful, and timely overviews of the Groups Expected Credit Losses (ECL) and the underlying drivers. Candidates will support in all IFRS9 modelling techniques, methodology, testing and validation.
The role will look to take ownership of IFRS9 activities, consulting with other teams in providing a consolidated NewDay-wide provision adequacy-based view.
This involves stakeholder engagement duties, including communicating analysis and findings with senior management.
Model development and implementation including on-going support around model maintenance/model changes
Adopt and own IFRS9 model build documentation
Support IFRS9 model maintenance and pre-emptive justification and ongoing review (monitoring) of the modelling choices and assumptions.
Develop the capability to communicate and interact with the different relevant contributors and oversight areas
Role model for the principles of diversity, equity, and inclusion in within the company
What you’ll bring
Works in partnership with the business and with all senior stakeholders
Excellent interpersonal skills - oral/written communication, collaboration & influencing skills.
Strong influencing skills at all levels. Demonstrates strong self-assurance in the ability to challenge and remain independent under pressure
Dynamic and highly motivated
Good organisation and planning skills
Strong communicator, able to translate technical modelling concepts and methodologies into accessible terms.
Able to absorb complex information and develop solution
We need knowledge, experience + expertise in:
Planning: Highly organised, with the ability to deliver to deadlines and manage conflicting priorities within a dynamic environment
Problem Solving: A strategic problem solver; highly intellectual with commercial competence. A logical and methodical thought process
Independent: Be able to work with a high level of self-motivation when required to the highest standard within challenging deadlines.
Experience: Detailed knowledge of the financial services industry and of unsecured retail credit industry. Relevant risk management experience, ideally within a decision science, collections or impairments role
Experience: A working knowledge of impairments / provisions within retail banking. Experience of developing, validating, or monitoring IFRS9 or Credit Models is highly desirable.
Stakeholder Management: A desire to work effectively with people at all levels, with specific focus on building and maintaining relationships within the business
Education: University degree level or similar with highly numerate and analytical content.
And would love you to know or learn:
Experience: previous experience of IFRS 9 model development, validation or monitoring is highly desirable
Communication: Excellent influencing, interpersonal & communication (written & verbal) skills
Coding: Strong knowledge and experience working with SAS, SQL, R or Python. Proficiency in data extraction and manipulation
About NewDay
We help people move forward with credit,
and help our colleagues to move their careers forward too.
and help our colleagues to move their careers forward too.
We use our highly flexible, scalable, and multi-product digital credit engine to power over 120 million transactions every year. Our brands include Aqua, marbles, fluid and Bip. We partner with leading brands such as John Lewis, AO, Argos and DEKO.
Over 5 million UK customers are supported by our award-winning customer service.
At NewDay, we value all types of diversity. We’re an equal opportunity employer and believe that our differences create a vibrant, authentic working culture. We want all our colleagues to feel able to bring their whole selves to work. We don’t discriminate on the basis of age, physical or mental disability, gender reassignment, marriage and civil partnership, pregnancy and carer status, race (including colour, nationality, and ethnic or national origin), religion or belief, sex and sexual orientation. We make sure that every job is crafted to be inclusive and that people with disabilities or caring responsibilities can take part in the application and interview process. Tell us if you need accommodations: we’ll put reasonable adjustments in place to support you.
Our dynamic NewDay culture
We’re focused on what will drive impact in helping people move forward with credit. Our distinctive culture is geared to spark innovation and team working – with lots of open doors for development. Our customers can rely on us because we aim high, support each other, do the right thing and build for the future.
We invest in our colleagues. On top of a strong market competitive salary, you get a bonus opportunity that matches the impact (delivery + values) you drive in your role. We also help you retire better with market leading pensions.
At NewDay, #yourwellbeing matters: You get 26 days holiday and can buy up to 5 more after probation. Then you’ll get extra days as you build your career with us.
NewWork, our flexible, hybrid working approach, helps you to manage your work/life balance - and even bolt on work time in other countries before or after your holiday. And when you’re in the office, you get free healthy breakfast, fresh juices, lunch, barista coffee etc
Our tax efficient green car and cycle to work schemes save you money (and help the planet).
Ask your Talent Acquisition Partner to tell you more about any of our perks.
We invest in our colleagues. On top of a strong market competitive salary, you get a bonus opportunity that matches the impact (delivery + values) you drive in your role. We also help you retire better with market leading pensions.
At NewDay, #yourwellbeing matters: You get 26 days holiday and can buy up to 5 more after probation. Then you’ll get extra days as you build your career with us.
NewWork, our flexible, hybrid working approach, helps you to manage your work/life balance - and even bolt on work time in other countries before or after your holiday. And when you’re in the office, you get free healthy breakfast, fresh juices, lunch, barista coffee etc
Our tax efficient green car and cycle to work schemes save you money (and help the planet).
Ask your Talent Acquisition Partner to tell you more about any of our perks.
Where next?
We work with Textio to make our job design and hiring inclusive
In the NewDay Tech team, you’ll join an Expert or Leader career pathway. This will guide you on what your next step here could look like, with regular and open feedback to help you build capabilities to move forward.
Let’s talk about this role – contact talent@newday.co.uk
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